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Nov 28, 2012
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compies trying to get a jump on the fiscal cliff. details and the oracle of all my speaking out on tax policy. next, i'll break down why warren buffett is just plain wrong. ♪ gerri: warren buffett is getting a lot of attention this week for his comments on the fiscal cliff . basically, the investing mobil says it rich people, that is people like him, should pay more in taxes. it sounds magnanimous. i believe the case he builds for higher taxes, well, the reasoning as a big hole in it. here is why. the contention that rich people willtop hiring is nonsense. we already know that more than a million americans to employ people and paying there taxes through ere individual income-tax. according to the heritage foundation, the amount their taxes would rise would be equivalent to one employee salary. one person there would not hire. we will what is more, rinsed and young says these tax hikes would kill 710,000 jobs. buffett also says that rich people will stop investing. again, nonsense. when you tax something usually get less of it, like
compies trying to get a jump on the fiscal cliff. details and the oracle of all my speaking out on tax policy. next, i'll break down why warren buffett is just plain wrong. ♪ gerri: warren buffett is getting a lot of attention this week for his comments on the fiscal cliff . basically, the investing mobil says it rich people, that is people like him, should pay more in taxes. it sounds magnanimous. i believe the case he builds for higher taxes, well, the reasoning as a big hole in it. here is...
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Nov 22, 2012
11/12
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fiscal cliff? or fiscal free for all? we are staring at this abyss. no one is even touching it. >> what is amazing to me this is the most predictable financial crisis ever in the history of this country. i suspect we are thought going to anticipate a recession, you will see a recession. >> we should be very careful not to go over the cliff because we will have a negative affect on this economy and on employment. >>neil: an idea of how much is at stake and who pays for this, i am telling you at this rate, everyone will pay. every single american family will pay. >> this has implications for every american family, 90 percent of families in america will pay higher taxes, and a reduction in income of $3,500 per american family. we talking about an income loss of 6 percent after taxes, the largest income loss since the 1940's, huge implications and politicians are going to have to, for once, act in a bipartisan manner to try and fix this. >> the people are ready for someone to tell them the truth instead of this mush that they can get this done without tou
fiscal cliff? or fiscal free for all? we are staring at this abyss. no one is even touching it. >> what is amazing to me this is the most predictable financial crisis ever in the history of this country. i suspect we are thought going to anticipate a recession, you will see a recession. >> we should be very careful not to go over the cliff because we will have a negative affect on this economy and on employment. >>neil: an idea of how much is at stake and who pays for this, i...
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Nov 25, 2012
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and to avoid the fiscal cliff, sequestration is on the table, and some think-- and okay, james, so, 500 billion dollars in defense already built in to cut. then sequester would cut another 500 billion over ten years, and why should republicans go along with that? >> because, this is really their only leverage on president obama, and i think that as congressman jordan has said, the only thing worse than a defense cut is no cut at all. what you get with the sequester is defense, but also cuts in the social-- >> another 500 billion dollars in domestic discretionary, too. >> right, and it adds up to about 100 billion in 2013. i think you will find that president obama will go a long way to avoid those roughly 44 billion in cuts this year, to social programs and i think if you want to get a deal out of him with meaningful reform on spending or tacks, this is, this is the key leverage point and if it happens, it happens. >> and you get some spending. >> paul: so use spending on discretionary and defense to leverage better tax policy out of the president. bret? >> well, good luck. (laughter) >
and to avoid the fiscal cliff, sequestration is on the table, and some think-- and okay, james, so, 500 billion dollars in defense already built in to cut. then sequester would cut another 500 billion over ten years, and why should republicans go along with that? >> because, this is really their only leverage on president obama, and i think that as congressman jordan has said, the only thing worse than a defense cut is no cut at all. what you get with the sequester is defense, but also...
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Nov 26, 2012
11/12
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why are you so he enamored of fiscal cliff? >> i don't think that $3,500 hit to the average family is going to happen. i think there will be a deal struck here, each side is going to have to give a little bit. my take on the fiscal cliff is the notion that is definitely in everybody's had affecting holiday spending but becoming its don't issue. we are blowing it up -- is like the debt ceiling talks we had last year. these all became issues because we made some issues. net net is no good long-term effects for the economy. gerri: you picked up something interesting out of ben bernanke at statement about banks being too tight with their lending. what did you make of that? >> it is very interesting because ben bernanke is talking about the unwillingness of banks to lend more noncredit were the people and the problem i have with that is banks are having to do that because ben bernanke has killed the bank model and if you look back at banks and how they make money they borrow on the short end meang they borrow at the low end of inter
why are you so he enamored of fiscal cliff? >> i don't think that $3,500 hit to the average family is going to happen. i think there will be a deal struck here, each side is going to have to give a little bit. my take on the fiscal cliff is the notion that is definitely in everybody's had affecting holiday spending but becoming its don't issue. we are blowing it up -- is like the debt ceiling talks we had last year. these all became issues because we made some issues. net net is no good...
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Nov 22, 2012
11/12
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you know, at the fiscal cliff, anxiety raises. i don't think anyone is talking about entitlements. >> actually, going back to what you said about 45 million, i don't know the exact number, when you think about it, that is one out of seven americans. one out of four is having their turkey dinner paid for by taxpayers. what is wrong that people can't afford to put food on the table. it's a tstament to how this economy is. and how much we have created the entitlement mentality that everyone feels they should that they should be on food stamps. when you look at the costs, within about two years, texas at the federal level are going to go just to pay for entitlement programs that have no money left over to pay for all of the other programs of the government. and i find it very suspicious and interesting as you do that here we ha been talking about this for the last couple of weeks and nobody is talking about reforming these things. >> here is the thing. my idea is let them out there. you have a coupe of years to do damage control. ulti
you know, at the fiscal cliff, anxiety raises. i don't think anyone is talking about entitlements. >> actually, going back to what you said about 45 million, i don't know the exact number, when you think about it, that is one out of seven americans. one out of four is having their turkey dinner paid for by taxpayers. what is wrong that people can't afford to put food on the table. it's a tstament to how this economy is. and how much we have created the entitlement mentality that everyone...
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Nov 27, 2012
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>>neil: remember the balanced approach to the fiscal cliff? i don't know what happened. . ♪ ♪ [ male announcer ] it started long ago. the joy of giving something everything you've got. it takes passion. and it's not letting up anytime soon. if you're eligible for medicare, you might know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they help pay some of the difference. and could save you in out-of-pocket medical costs. you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and you never need a referral to see a specialist. so don't wait. call now to request a free decision guide to help you understand medicare. and which aarp medicare supplement plan might work best for you. there's a range to choose from, depending on your needs and your budget. and they all travel with you -- anywhere
>>neil: remember the balanced approach to the fiscal cliff? i don't know what happened. . ♪ ♪ [ male announcer ] it started long ago. the joy of giving something everything you've got. it takes passion. and it's not letting up anytime soon. if you're eligible for medicare, you might know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company....
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Nov 27, 2012
11/12
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cliff, grow an and this fiscal cliff, have a f twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and conder it carefully before investing. risk includes possible loss of principal. ♪ [ male announce] they are a glowing example of what it means to be the best. and at this special time of year, they shine even brighter. come to the winter event and get the mercedes-benz you've always wished for, now for an exceptional price. [ santa ] ho, ho, ho, ho! [ male announcer lease a 2013 glk350 for $399 a month at your local mercedes-benz dealer. neil: all right, tell the truth, a lot of you were shopping at work today, cyber monday. but no deal in w
cliff, grow an and this fiscal cliff, have a f twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read...
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Nov 24, 2012
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if we go off the fiscal cliff, it's predicted that we will get another recession, now they're saying if we go off the fiscal cliff it only impact certain americans with taxes increasing and it will affect our country and economy. and we need face-to-face meetings and i don't think that obamacare should be on the table. >> you do not think that obamacare should be on the table. >> no. >> i don't think that obamacare should be on the table. it's the number one priority for the lawmakers right now whether you're a democrat or a republican, this should be priority number one, it's when john boehner had the new freshman tea partiers come in in 2010 and facing the debt ceiling, he characterized the first adult moment for the new freshmen congressmen and i think this is the second adult moment. can we get beyond party politics and rigid ideology and come with a compromise that will benefit the american people? we need both to look seriously at spending cuts and revenue generation for the country right now. >> all right, so let's-- >> and let's put a couple of ideas on the table and angela,
if we go off the fiscal cliff, it's predicted that we will get another recession, now they're saying if we go off the fiscal cliff it only impact certain americans with taxes increasing and it will affect our country and economy. and we need face-to-face meetings and i don't think that obamacare should be on the table. >> you do not think that obamacare should be on the table. >> no. >> i don't think that obamacare should be on the table. it's the number one priority for the...
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Nov 28, 2012
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. ♪ ♪ ♪ ♪ >> eric: well, we were going to do a segment on the fiscal cliff but nothing happened today. so i'll show you other attention-starved loans hellbent on doing something really stupid. >> oh! >> oh, my gosh! >> eric: okay. now let's talk about the -- no, it's not, bob. the newest and latest from the obama spy department. zero dark thirty is the new video that documents event around the bin laden kill and it's chock full of controversy. c.i.a. opened the door and file to the movie producers. here is a cliff of "zero dark thirty." >> do you really believe this story? >> usama bin laden. yeah. >> what part convinceed you? >> her confidence. >> if you're right, the whole world is going to want in on this. ♪ ♪ >> eric: we're all watching, we're engaged and we'll all want to see that. but kimberly, should the c.i.a. allow hollywood inside their doors, inside their files? >> kimberly: there isn't up side except people who produce the movie will get paid and investors are lucky enough to get in on it financially will be paid off. people are entertained but to what expense to our n
. ♪ ♪ ♪ ♪ >> eric: well, we were going to do a segment on the fiscal cliff but nothing happened today. so i'll show you other attention-starved loans hellbent on doing something really stupid. >> oh! >> oh, my gosh! >> eric: okay. now let's talk about the -- no, it's not, bob. the newest and latest from the obama spy department. zero dark thirty is the new video that documents event around the bin laden kill and it's chock full of controversy. c.i.a. opened the...
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Nov 29, 2012
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>> the fiscal cliff is theatre, nothing more and nothing less. it's a game of political chicken, folks. it will result in a winner and a loser. >> our ultimate goal is an agreement that gets our long-term deficit under control in a way that is fair and balanced. >> if the president really wants to reach an agreement, he needs to be talking with members of his own party, right here in washington, trying to broker an agreement. not out there firing up crowds and giving speeches. >> we all know that we've had this spending crisis coming at us like a freight train. and it has to be dealt with. in order to try to come to an agreement, republicans are willing to cut revenue on the table, but it's time for the president and democrats to get serious about the spending problem that our country has. >> but the point is, there is no economic growth being discussed in the fiscal cliff argument, the solution -- there is no economic growth. not possible with what's being proposed. in fact just the exact opposite. obama does not care about economic growth. he c
>> the fiscal cliff is theatre, nothing more and nothing less. it's a game of political chicken, folks. it will result in a winner and a loser. >> our ultimate goal is an agreement that gets our long-term deficit under control in a way that is fair and balanced. >> if the president really wants to reach an agreement, he needs to be talking with members of his own party, right here in washington, trying to broker an agreement. not out there firing up crowds and giving speeches....
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Nov 23, 2012
11/12
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the take that to the fiscal cliff? >> the treasury market is dominated by the central banks, not just the fed. it is the off shore central banks plus our own central-bank. really they buy the net increase in u.s. treasury debt, past two years. it is very supportive and that long as -- [talking over each other] >> as long as they want to. other things can happen but the world's central banks, the big ones are doing the same thing so you don't sweat the currency relative to the other major currencies relative to non major currencies. that is another matter. cheryl: a lot of banks with a lot of money pouring into this market. thank you very much. closing bell going to ring, we have 39 minutes to go. the fed's are hungry. maybe even starving in their quest to take down a hedge fund superstar. charlie gasparino is on the phone and as the latest developments for you. can't afford to miss it. looking for a better place to put your cash? here's one you may not have thought of -- fidelity. now you don't have to go to a bank to
the take that to the fiscal cliff? >> the treasury market is dominated by the central banks, not just the fed. it is the off shore central banks plus our own central-bank. really they buy the net increase in u.s. treasury debt, past two years. it is very supportive and that long as -- [talking over each other] >> as long as they want to. other things can happen but the world's central banks, the big ones are doing the same thing so you don't sweat the currency relative to the other...
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Nov 26, 2012
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the fiscal cliff as everyone terrified. the market is scary. how can people be out there spending more than last year? >> pent-up demand. we have been coming every year, hearing about one negative thing after another since the 2008 banking crisis. it has been terrible. people are ready to move on. melissa: they don't just get used to spending less? >> people who are rational. but the average guy out there is broke and is probably always going to be broke. there is nothing hard wired and us to be prudent. we go out and spend everything that we have. and then some. and you do have -- even though unemployment is high. we have more people in the work force to more people working in a year ago. that helps move us down the line a low bid. melissa: okay. thank you for coming on. great information. so there are plenty of ways to get fired. what about not getting a flu shot? one employer is terminating scores of workers. is it even legal? the details are next. i have been fired, not for a flu shot. plus, green energy requirements help push up electricit
the fiscal cliff as everyone terrified. the market is scary. how can people be out there spending more than last year? >> pent-up demand. we have been coming every year, hearing about one negative thing after another since the 2008 banking crisis. it has been terrible. people are ready to move on. melissa: they don't just get used to spending less? >> people who are rational. but the average guy out there is broke and is probably always going to be broke. there is nothing hard wired...
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Nov 29, 2012
11/12
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maybe a lttle less conversation and more on the fiscal cliff. that is my "2 cents more," and that's it for tonight. thank you for joining us. have a great night. we'll sererere tomorrow. ♪ lou: good evening, everybody. more than 200-point swing in the stock market today, but at the end of the days of volatile session the dow jones industrial had a triple digits gain. anxious investors worldwide, however, have been selling stock on concerns about the impending peril of the so-called fiscal cliff. president obama for his part seems utterly unimpressed by market volatility and the consequences of failure to resolve the issues of tax hikes and spending cuts that go into affect the first of the year. as the markets were falling in the first hour of trading this morning, house speaker john maynard stood up and offered support to investors and leaders for the market. stocks stabilized and then began climbing on the speaker's expression of optimism that a deal is within reach. we will take all of that up and more here toight with bedford open geyser c
maybe a lttle less conversation and more on the fiscal cliff. that is my "2 cents more," and that's it for tonight. thank you for joining us. have a great night. we'll sererere tomorrow. ♪ lou: good evening, everybody. more than 200-point swing in the stock market today, but at the end of the days of volatile session the dow jones industrial had a triple digits gain. anxious investors worldwide, however, have been selling stock on concerns about the impending peril of the so-called...
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Nov 29, 2012
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fiscal cliff hits december 31. smack dab in middle of this vacation. he snub hawaii, body surfing. >> kimberly: conduct unbecoming. he said in the last 30 days he got woke up in one debate. other than that, he is kicking it on the "the view." check me out. pinch with a limp. >> brian: i believe he knows it's his economy now. clearly. he goes on vacation. if this is done he is not body surfing. he knows he will be tortured and ongoing katrina. john boehner is frustrated after a closed door meeting with geithner. >> eric: brian's point, vacation is on because president obama knows he has a deal. >> dana: i don't think -- well, one, the present doesn't have a spending cut plan. why is everyone looking at us. where is your plan, sir? now the democrats are starting to realize wait, i think they are on to us. president obama sacrificed going to hawaii with his family. going to stay behind. they will fawn over him for not going to hawaii. >> bob: that happened last year. if you accept the bush tax cut last time. family went off and obama stayed behind. it's t
fiscal cliff hits december 31. smack dab in middle of this vacation. he snub hawaii, body surfing. >> kimberly: conduct unbecoming. he said in the last 30 days he got woke up in one debate. other than that, he is kicking it on the "the view." check me out. pinch with a limp. >> brian: i believe he knows it's his economy now. clearly. he goes on vacation. if this is done he is not body surfing. he knows he will be tortured and ongoing katrina. john boehner is frustrated...
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Nov 26, 2012
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a new warning over the fiscal cliff, the white house says consumer spending could take $200 billion hit if lawmakers fail to come up with a deal. we have the details on that ahead. and the egyptian president morsi. wow. violent protests after he essentially made himself a dictator. today he said he is not backing down. so, where is he with the israel and palestinian thing? worried about your teen's driving habits? now you can hire an off-duty cop to spy on them. but is that legal? that is all ahead unless breaking news changes everything. this is "studio b." first from fox at 3:00 in new york city, you will be glad to know your congress is back from break and so begins another round of negotiations aimed at keeping the country from going off the so-called fiscal cliff. president obama expressing optimism they can come up with a deal to prevent automatic spending cuts and expiring tax breaks just into fox, the white house spokesman, jake carney, reports president obama spoke with the house speaker boehner and the senate majority leader harry reid over the weekend. still, concerns of the
a new warning over the fiscal cliff, the white house says consumer spending could take $200 billion hit if lawmakers fail to come up with a deal. we have the details on that ahead. and the egyptian president morsi. wow. violent protests after he essentially made himself a dictator. today he said he is not backing down. so, where is he with the israel and palestinian thing? worried about your teen's driving habits? now you can hire an off-duty cop to spy on them. but is that legal? that is all...
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Nov 23, 2012
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i am really surprised we have fiscal cliff, univ. of michigan consumer sentiment less than expected and we are looking at 4% to 5% increase in sales. >> people shop around holidays and events. we will see a slowdown between black friday and a couple weeks before christmas. people do come out and shop around bargains when they need to. dave: let's get specific and talk about gap where i bylaw of my clothes. a very nice turnaround. a couple years ago people were declaring it dead but it had a nice turnaround. how did that happen? >> new merchants and new merchandize. they lost track of who the customer was and what the customer wanted. [talking over each other] >> you and the average american consumer, average all-american styles. people like color optimism, gap have that again. tracy: also like limited brands, we heard lauren simonetti say the victoria's secret, what interests me in the mall is cygnets jeweler's, people are going to the mall to buy a diamond earrings? >> today isn't so much a jewelery shopping day. it is a little bit
i am really surprised we have fiscal cliff, univ. of michigan consumer sentiment less than expected and we are looking at 4% to 5% increase in sales. >> people shop around holidays and events. we will see a slowdown between black friday and a couple weeks before christmas. people do come out and shop around bargains when they need to. dave: let's get specific and talk about gap where i bylaw of my clothes. a very nice turnaround. a couple years ago people were declaring it dead but it had...
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Nov 21, 2012
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fiscal cliff, yes or no? do we go over it? if so, the consequences. >> we do not come by but not for the good reasons which i have heard you analyze. very little movement on tax rates next year. very little movement on spending generally a slight decrease. lou: no movement, are using the bush tax cuts will be allowed to expire? >> no. what i'm saying is that the bush tax cuts, but for a slight modification will persist in 2013. spending reductions, which were made by the forced sequester will not be made in the amount suggested and will be only modest, and it will be a reduction in spending it will be a modest reduction in the rate of increase in spending such the we will have a $1 trillion plus deficit next year. more of the same. lou: as always. >> thank you. lou: up next to illegal immigrants wants new privileges because, i hate to tell you, it looks like pandering is contagious. imagine that. and forget susan rice. not the plot -- the biggest problem with this administration we will demonstrate to you the gaping holes in t
fiscal cliff, yes or no? do we go over it? if so, the consequences. >> we do not come by but not for the good reasons which i have heard you analyze. very little movement on tax rates next year. very little movement on spending generally a slight decrease. lou: no movement, are using the bush tax cuts will be allowed to expire? >> no. what i'm saying is that the bush tax cuts, but for a slight modification will persist in 2013. spending reductions, which were made by the forced...
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Nov 28, 2012
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he is pushing his plan to try to avoid the year-end fiscal cliff. this speech comes ahead of a meeting between the president and business leaders later today discussing actions the white house says are aimed at growing the economy and finding a quote, balanced approach to reducing the nation's deficit. let's bring in our panel. mary katharine ham editor-at-large of hot air.com and fox news contributor. peter mirijanian former advisor to the clinton-gore and gore-lieberman campaigns. when the president arrives at the white house to speak, he will have people behind him, ordinary americans who reached out to the white house and want their $2,000 middle class tax cut preserved. republicans are saying this is essentially a campaign stunt, a campaign appearance kind of event of the he won the election. he should get on the business of governing. what do you say? >> well, one quick observation, jon. i think what you're seeing, what i think is interesting the first social media presidency. this administration using technology and using social media to adva
he is pushing his plan to try to avoid the year-end fiscal cliff. this speech comes ahead of a meeting between the president and business leaders later today discussing actions the white house says are aimed at growing the economy and finding a quote, balanced approach to reducing the nation's deficit. let's bring in our panel. mary katharine ham editor-at-large of hot air.com and fox news contributor. peter mirijanian former advisor to the clinton-gore and gore-lieberman campaigns. when the...
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Nov 26, 2012
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but keep in mind, the wall street and main street had a strong start to the season, the fiscal cliff is closer as christmas draws near and buyers and businesses may get more worried holding on to their wallets in the shadow of that cliff, harris, back to you. >> brenda, thank you. brand new video after pretty nasty mall brawl from black friday. this was the scene shortly after midnight as shopping mall here sacramento, california, you've got to be kidding me. fists flying, here is why. apparently it was over women's underwear and an employee at the victoria's secret where the fighting began says it's the worse they've seen. >> and for like six years now and i've never seen a black friday in bad and some people got trampled out and on top of the bars and they had to come off the table. >> that must have been one heck of a sale. the store was cleared out and the man kept rolling despite the black eyes that were given on black friday and he says it doesn't surprise him. >> the wrong place at the right time. >> does your opinion of black friday change after all of this. >> not so much. i
but keep in mind, the wall street and main street had a strong start to the season, the fiscal cliff is closer as christmas draws near and buyers and businesses may get more worried holding on to their wallets in the shadow of that cliff, harris, back to you. >> brenda, thank you. brand new video after pretty nasty mall brawl from black friday. this was the scene shortly after midnight as shopping mall here sacramento, california, you've got to be kidding me. fists flying, here is why....
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Nov 29, 2012
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a lot to get into this morning as we talk about the fiscal cliff. erskine bowles says he thinks democrats and republicans are serious about getting a deal done, but when you hear congressman cole walking back statements, do you think that's true? >> cole doesn't want to be a political target of the right. so he can easily say i really didn't mean that prks and to ge of the news. and probably trying to set the table for other guys. which is a signal that the right wing is still very stuck in con kreetd as you said earlier. they don't want to move. they are denying election results. but there is real ominous things i think that are starting to surface here. any talk of a mortgage deduction change would be horrendous in my opinion and it would fly in the face of everything barack obama and joe biden ran on in protecting middle class. they have to be crystal clear that that is off the table. the housing crisis started the last recession. if they go after mortgage deductions, if they put that on the table even for high end homes, that will change sales,
a lot to get into this morning as we talk about the fiscal cliff. erskine bowles says he thinks democrats and republicans are serious about getting a deal done, but when you hear congressman cole walking back statements, do you think that's true? >> cole doesn't want to be a political target of the right. so he can easily say i really didn't mean that prks and to ge of the news. and probably trying to set the table for other guys. which is a signal that the right wing is still very stuck...
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Nov 29, 2012
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this is the deal on the fiscal cliff. tax increase now, delay spending cuts, don't worry about the debt. judge napolitano: i wrote a piece this morning on the washington times and a number of venues. argues the republicans probably will cave. notwithstanding the pledge they took, just a political pledge, not legally -- i don't want them to raise taxes but they will. they should remember the peril of recent history. the last american president who said who could forget this? read my lips, no new taxes was dispatched by the voters to a hotel room in houston rather than four more years in the white house because he violated that pledge. george herbert walker bush would keep that pledge today. stuart: always a pleasure. we say it every day on "varney and company," time is money. we mean it. i especially mean it. my take on punctuality next. twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core,
this is the deal on the fiscal cliff. tax increase now, delay spending cuts, don't worry about the debt. judge napolitano: i wrote a piece this morning on the washington times and a number of venues. argues the republicans probably will cave. notwithstanding the pledge they took, just a political pledge, not legally -- i don't want them to raise taxes but they will. they should remember the peril of recent history. the last american president who said who could forget this? read my lips, no new...
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Nov 21, 2012
11/12
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the fiscal cliff, but we have december to look forward to. black friday, cyber monday, these are things that might move the market up in another direction. we will see what happens after we get back to work. cheryl: so many questions i am sure it is so hard to trade because we don't know what is going on. let's go over to the cme. really it is still about europe. we still have problems with greece, still a lot of rhetoric coming out, no true sign of relief for the euro sign. anything across the pond you're watching right now? >> monday we will see the euro central bank and the imf will hold hands together and say we will extend another two years, that will be it. also, spain sitting in the background, they are not doing anything. are they waiting for their fiscal cliff? one of the places we're looking at, japan. there is an election coming up in the middle of december. what we are seeing is the japanese yen devaluing. one of the things we need for their economy is exports. they have been horrible. look at electronics companies right now, they
the fiscal cliff, but we have december to look forward to. black friday, cyber monday, these are things that might move the market up in another direction. we will see what happens after we get back to work. cheryl: so many questions i am sure it is so hard to trade because we don't know what is going on. let's go over to the cme. really it is still about europe. we still have problems with greece, still a lot of rhetoric coming out, no true sign of relief for the euro sign. anything across the...
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Nov 26, 2012
11/12
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on the fiscal cliff. he wants to do that over the next decade. and, this is the kind of math i like, it works out to $160 billioper year, in taxes. republicans howling about that. are they wrong to be upset? let's look at numbers. earlier this year, the president unveiled a 3.8 -- i love this. we talk about these numbers like there is nothing do it. $3.8 trillion budget. all right, he forecast a $1.3 trillion deficit. okay? so that means, if i can figure that out, he had $2.5 trillion to work with. $1.3 trillion in deficit. $901 billion, for next year, in deficit and our national debt is now over $16 trillion, and everybody knows that, i don't need to write that down. and, the president's big plan, he wants -- wants $1.6 trillion in new taxes. and here's how he wants to get there. first he wants to raise 8$849 billion over ten years by allowing the bush tax cuts, here they go... away. on the 31st of december, this year. they'll expire for households with incomes more than $250,000, $849 billion, includes $206 billion, of higher taxes on dividends
on the fiscal cliff. he wants to do that over the next decade. and, this is the kind of math i like, it works out to $160 billioper year, in taxes. republicans howling about that. are they wrong to be upset? let's look at numbers. earlier this year, the president unveiled a 3.8 -- i love this. we talk about these numbers like there is nothing do it. $3.8 trillion budget. all right, he forecast a $1.3 trillion deficit. okay? so that means, if i can figure that out, he had $2.5 trillion to work...
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Nov 21, 2012
11/12
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forget the fiscal cliff. get ready for the climate clef. a tax s coming that will push everyone right over the edge. ♪ tom: new worries the you could get smacked by yet another ta. momentum is growing for a carbon tax that would slam companies that use a lot of energy. that is just that any place that makes anything. the congressional budget office even studying climate change taxes. junk science, keep the change. this is a terrible idea. sounds liket is getting at least more visibility. >> well, since the election and hurricanes and the climate alarmists have gotten excited about the possibility of getting some sort of law passed by, 2013 to help their cause. and can penetrate, cap and trade is basically a dead term. moving on to something else, and i think is the carbon tax. carbon tax is as easily as sales tax that would be applied to your electric bill or at the gas pump or all the goods and seservices that are produced wih gasoline electricity which means everything. tom: let's go back to the politics. on what to get into how this wo
forget the fiscal cliff. get ready for the climate clef. a tax s coming that will push everyone right over the edge. ♪ tom: new worries the you could get smacked by yet another ta. momentum is growing for a carbon tax that would slam companies that use a lot of energy. that is just that any place that makes anything. the congressional budget office even studying climate change taxes. junk science, keep the change. this is a terrible idea. sounds liket is getting at least more visibility....
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Nov 27, 2012
11/12
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>> reporter: scott, the president has asked tim geithner to lead up his fiscal cliff negotiations with congressional republicans. that's a nod to republicans because they prefer geithner over the president's chief of staff jack lew who republicans believe is stridently opposed to big changes to health care entitlements like medicare and medicaid. white house officials insist though geithner will be in the lead, jack lew won't be far from the fiscal cliff talks. >> pelley: major, what is the white house willing to put on the negotiating table? >> scott, just about everything except social security. the president argues that social security is not driving the deficit problem. it has solvency issues of its own but the president wants those dealt with downstream, sometime next year and on a separate track. now congressional republicans, especially those eager-- or at least willing-- to raise tax revenue want social security, medicare and medicaid as part of the fiscal cliff negotiations. if that's the price tag of a grand bargain, the white house says at least where social security is conc
>> reporter: scott, the president has asked tim geithner to lead up his fiscal cliff negotiations with congressional republicans. that's a nod to republicans because they prefer geithner over the president's chief of staff jack lew who republicans believe is stridently opposed to big changes to health care entitlements like medicare and medicaid. white house officials insist though geithner will be in the lead, jack lew won't be far from the fiscal cliff talks. >> pelley: major,...
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Nov 29, 2012
11/12
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will lawmakers send americans off the fiscal cliff with a huge tax increase? the president asks middle class people to help make his case for action. >>> triple threat. three big storms, one after the other, about to pound the west coast. >>> and, made in america. do you want to make a difference, creating american jobs? david muir tonight shows us how to do it together for a happy holiday. >> we're in! >> we're in! >>> good evening. right now, millions and millions of americans are lining up to take a chance on a giant dream. a powerball ticket that could be worth more than half a billion dollars. the biggest in its history. the drawing is tonight. and some people have been willing to wait 2 1/2 hours in the long lines in arizona, while coast to coast, tickets are flying across the counters, 130,000 sold every minute. and that adds up to 7 million tickets sold every hour. so, we asked abc's steve osunsami to make his way into the vault where the lottery balls are kept under lock and key and tell us about all the americans hoping tonight is their night. >> rep
will lawmakers send americans off the fiscal cliff with a huge tax increase? the president asks middle class people to help make his case for action. >>> triple threat. three big storms, one after the other, about to pound the west coast. >>> and, made in america. do you want to make a difference, creating american jobs? david muir tonight shows us how to do it together for a happy holiday. >> we're in! >> we're in! >>> good evening. right now, millions...
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Nov 26, 2012
11/12
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or what fiscal cliff, grover? how about your welsh cakes are burning, burning, ann? the possiblilities are endless. let us know your opinion. your good toois and good humor are always appreciated. >>> next, grover may never come over. is he a man or is he a muppet? stay with us. >> would you share your 2350d with someone? >> yes. >> but that would create a culture of dependency. >> they don't have any food, i will give it to them. >> you're taking away their motivation to earn that food for themselves. did you not read that copy of atlas shrug i loaned you? wasn't my daughter's black bean soup spectacular? [ man thinking ] oh, this gas. those antacids aren't working. oh no, not that, not here! [ male announcer ] antacids don't relieve gas. gas-x is designed to relieve gas. gas-x. the gas xperts. hurry in and try five succulent entrees, like our tender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. try this... bayer? this isn't just a headache. trust me, this is n
or what fiscal cliff, grover? how about your welsh cakes are burning, burning, ann? the possiblilities are endless. let us know your opinion. your good toois and good humor are always appreciated. >>> next, grover may never come over. is he a man or is he a muppet? stay with us. >> would you share your 2350d with someone? >> yes. >> but that would create a culture of dependency. >> they don't have any food, i will give it to them. >> you're taking away...
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Nov 29, 2012
11/12
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you have to assume that would include a robust discussion of the fiscal cliff, given that is what lawmakers are talking about now. mitt romney just arrived here. we're not expecting anything huge to come out of this meeting. no appointment. for example, to the cabinet. but the president certainly, i think, hoping to engage in a serious conversation. this, as you point out, will be just the seventh time that these two have sat down after what was really a bruising fight during the election. this is really about sort of striking a tone of bipartisanship, helping these two former rivals to bury the hatchet but helping, i think the country to move forward, especially as we get closer to that fiscal cliff deadline. >> and ruth is here at the table. one of the issues could be the sort of backdrop the post-election comment by all sides not only mitt romney but also by stewart stevenson, op-ed his adviser. there was a time not long ago when the problems of the democratic party revolved arounding too liberal and dependent on minorities. obama turned those problems in advantages and rode that strateg
you have to assume that would include a robust discussion of the fiscal cliff, given that is what lawmakers are talking about now. mitt romney just arrived here. we're not expecting anything huge to come out of this meeting. no appointment. for example, to the cabinet. but the president certainly, i think, hoping to engage in a serious conversation. this, as you point out, will be just the seventh time that these two have sat down after what was really a bruising fight during the election. this...
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Nov 22, 2012
11/12
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. >> what fiscal cliff, right now we're up by 12% from our 12 month low. in terms of a month long average that is pretty good, investors are not as frightened as they were some days ago regarding possibility of higher taxes, for capital gains and dividend. lou: they are still in prospect, all of it is. we have folks introducing bills to defer the whole thing for a year now. and the president is making nice, he is talking with ceos, seeming leally almost every othr day. >> market thinks we have a kinder and gently barack obama, who knows that might be correct. but who knows, business sales show no signs of improving sig 1/2 cannily, we'll issue watching what happens this week into start of the holiday shopping scene very closely. lou: at what point do we just acknowledge we're sort of you know bumbling along, economically, that the markets are outperforming the economy. and if we look at this right now, there is a project here that from index of leading economic an kate or to market's behavior that says we have good things in store here 6 months down the ro
. >> what fiscal cliff, right now we're up by 12% from our 12 month low. in terms of a month long average that is pretty good, investors are not as frightened as they were some days ago regarding possibility of higher taxes, for capital gains and dividend. lou: they are still in prospect, all of it is. we have folks introducing bills to defer the whole thing for a year now. and the president is making nice, he is talking with ceos, seeming leally almost every othr day. >> market...
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Nov 26, 2012
11/12
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jon: as the fiscal cliff looms some republicans say they will break their longstanding pledge not to raise taxes. a fair and balanced debate on that minutes ahead. >>> a mall brawl breaks out on black friday, one of the busiest shopping days of the year. you won't believe what started this one. [ male announcer ] if you're eligible for medicare, now is a good time to think about your options. are you looking for a plan that really meets your needs and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they cover some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. call today to request a free decision guide to help you better understand medicare and which aarp medicare supplement plan works best for you. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networ
jon: as the fiscal cliff looms some republicans say they will break their longstanding pledge not to raise taxes. a fair and balanced debate on that minutes ahead. >>> a mall brawl breaks out on black friday, one of the busiest shopping days of the year. you won't believe what started this one. [ male announcer ] if you're eligible for medicare, now is a good time to think about your options. are you looking for a plan that really meets your needs and your budget? as you probably know,...
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Nov 29, 2012
11/12
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fiscal cliff, no fiscal cliff, that will be good for gold. investors will look for a safe haven and alternative to the u.s. dollar and they will be buying these assets. kind of a word of advise. ashley: interesting. tracy: sandy, while you were at the cme last week you said guys were saying 95 to $100 on oil. that is the consensus all around. >> keep watching that guy. we're near 90 bucks again. tracy: thank you, sandra. >> thank you. ashley: investors watching the latest developments on the fiscal cliff plus new taak that the fed, guess what, will continue its bond buying programs next year. for more on the markets, i'm joined by bob pavlick, chief market strategist at banyon partners. bob, thanks so much for being here. let's get to the fed issue here. so what is what i say. they will expand or continue the program of buying assets. what impact will this have if any? >> operation twist what they call it. sell short paper and buy long term bonds in order, in an effort to try to continue to keep long-term interest rates low. really what it is
fiscal cliff, no fiscal cliff, that will be good for gold. investors will look for a safe haven and alternative to the u.s. dollar and they will be buying these assets. kind of a word of advise. ashley: interesting. tracy: sandy, while you were at the cme last week you said guys were saying 95 to $100 on oil. that is the consensus all around. >> keep watching that guy. we're near 90 bucks again. tracy: thank you, sandra. >> thank you. ashley: investors watching the latest...
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Nov 29, 2012
11/12
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FBC
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>> everyone talks about the fiscal cliff. i referred to it as the fiscal speedbump. no matter what happens, we are not going to revert a tax increase in some kind of drag on economic activity next year. even if there is no grand bargain that we are all talking about, the shrinking of the federal deficit, whether by spending cuts or tax increases, it will be a drag on economic growth for the next few years. dagen: is that what you have 1.63 roughly on the ten year? >> the federal reserve is drunk. while back the fed is distorting the bond work it. dagen: does it make sense that the fed is likely to continue the bond buying into the next year? does that make any sense on the planet? >> well, look, i thought qe1 was absolutely essential. qe2 i understood why we did it. qe3, i do not get it. i think the fed is making a mistake here. they could have achieved the same or even a better objective by following a different policy. this is the path we are on. doctor bernanke is obviously completely preoccupied with the risks of having a depression and he is throwing as much mon
>> everyone talks about the fiscal cliff. i referred to it as the fiscal speedbump. no matter what happens, we are not going to revert a tax increase in some kind of drag on economic activity next year. even if there is no grand bargain that we are all talking about, the shrinking of the federal deficit, whether by spending cuts or tax increases, it will be a drag on economic growth for the next few years. dagen: is that what you have 1.63 roughly on the ten year? >> the federal...
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Nov 28, 2012
11/12
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it's the fiscal cliff. just in the last hour, at his first cabinet meeting since re-election, the president expressed the urgent need for a deal, one that he wants to see extend tax cuts for the middle class while letting them expire for the highest earners. >> there is no reason why taxes on middle class families should go up. it would be bad for the economy. it would be bad for those families. in fact, it would be bad for the world economy. and so i think it's very important that we get that resolved. and i am very open to a fair and balanced approach. >> the president met with middle class tax payers today, urging them to employ twitter hash tag my y2k, telling congress this is too important for them to screw it up. >> today i'm asking congress to listen to the people who sent us here to serve. i'm asking americans all across the country to make your voice heard. it's too important for washington to screw this up. >> and a new survey shows the president has the public on board in a new washington post po
it's the fiscal cliff. just in the last hour, at his first cabinet meeting since re-election, the president expressed the urgent need for a deal, one that he wants to see extend tax cuts for the middle class while letting them expire for the highest earners. >> there is no reason why taxes on middle class families should go up. it would be bad for the economy. it would be bad for those families. in fact, it would be bad for the world economy. and so i think it's very important that we get...
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Nov 28, 2012
11/12
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stuart: could we have your stand on the tax issue as we head towards this fiscal cliff. some republicans have, i'm going to say retreated a little in that they will allow more tax revenue from wealthy people, but not raising the tax rate on wealthy people. where do you stand, sir? >> i don't want to raise rates on anybody, because i think that compounds what's already a difficult system in terms of the taxes, but i am for reforming our tax systems, means testing, deductions and things of that nature. so you raise the base upon which the levy is arrived. and reagan and tip o'neal did that when they raised from 78% to 28% and revenues went up and they cleaned up the deductions and tax treatments previously buried in the code. we need to revisit that again. >> do you see any sign that president obama is ready to move over to your position? >> i haven't seen a sign of it and i fear too much politics dominating the white house right now. the race is over, the president has won and he's the leader of the country ap time he sat down at the table with all of us, ready to represe
stuart: could we have your stand on the tax issue as we head towards this fiscal cliff. some republicans have, i'm going to say retreated a little in that they will allow more tax revenue from wealthy people, but not raising the tax rate on wealthy people. where do you stand, sir? >> i don't want to raise rates on anybody, because i think that compounds what's already a difficult system in terms of the taxes, but i am for reforming our tax systems, means testing, deductions and things of...
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Nov 27, 2012
11/12
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FBC
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and fiscal cliff. despite recent republicans pledges giving up pledge on taxes still don't see any resolution anytime soon. we expect it will be a brinkmanship game. will go down to the wire, maybe a little after. ashley: interesting. stick with europe a little bit. spanish political situation is interesting no doubt. he really has a battle on his hand not only getting the handle on the economy but fractious politics of these breakaway regions which for now are staying in place but how does this all impact going forward especially with regard to the euro and of course now that greece, for the time-being is being taken care of, where do you see it going? >> i think that the election this past weekend in cat loan yaw, which is one fifth of everything spain produces is produced in this one region. ashley: yeah. >> i think the election results, president of the region advocated this snap election. i think he didn't get quite what he wanted. he lost about 20% of his seats. ashley: yeah. >> many people in th
and fiscal cliff. despite recent republicans pledges giving up pledge on taxes still don't see any resolution anytime soon. we expect it will be a brinkmanship game. will go down to the wire, maybe a little after. ashley: interesting. stick with europe a little bit. spanish political situation is interesting no doubt. he really has a battle on his hand not only getting the handle on the economy but fractious politics of these breakaway regions which for now are staying in place but how does...
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Nov 21, 2012
11/12
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we will give you a fiscal cliff survival kit. what you need to do right now to prepare for the fiscal cliff, a potential tax hikes and changes your pay check, what you do about dividend paying stocks and a lot more. this will put survive let one stern. stocks every 15 minutes. what are you watching? nicole: just thinking about a state tax. if you die better the next year, let's talk about scatter, popular footwear. the financial group raising their ratings on the issuemaker. they talked earlier that the stock was ahead of the fundamentals and they are changing their tune and that is why you are seeing the stock up 12% so they upgraded the positive from neutral, talking about momentum continuing to increase across their product categories heading into 2013. this is good news and they are beginning to see the modest outperforming in the current quarter and a good outlook for 2013. and an up arrow over $2 to the upside. cheryl: thank you very much. see you soon. a terror attack in israel. obama on a bus in tel of the. reports of the
we will give you a fiscal cliff survival kit. what you need to do right now to prepare for the fiscal cliff, a potential tax hikes and changes your pay check, what you do about dividend paying stocks and a lot more. this will put survive let one stern. stocks every 15 minutes. what are you watching? nicole: just thinking about a state tax. if you die better the next year, let's talk about scatter, popular footwear. the financial group raising their ratings on the issuemaker. they talked earlier...
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Nov 27, 2012
11/12
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if we let -- go over the fiscal cliff, it's going to solve our fiscal problems. the deficit will essentially go away. the bad side we're in a deep recession and the deficit will go away. this is an economy that can't afford to have 4% of our spending disappear just next year. we'll see a recession next year almost for sure and for certain. so that's the sense in which i think this is something to worry about. we want -- the recovery is faltering right now and we really don't need congress clubbing it over the head again, pushing us back down yet again. >> yet again. justin, thank you, sir, from the university of michigan. great to have you. >> thanks, alex. >> catch one of the key players in the fiscal cliff negotiations right here on "now" when senator patty murray joins us tomorrow at noon eastern. >>> and coming up after their romney nominee received just over a quarter of the latino vote republicans say they're ready to put up when it comes to comprehensive immigration reform. what are they doing about it? so far putting up a lot of window dressing. the displ
if we let -- go over the fiscal cliff, it's going to solve our fiscal problems. the deficit will essentially go away. the bad side we're in a deep recession and the deficit will go away. this is an economy that can't afford to have 4% of our spending disappear just next year. we'll see a recession next year almost for sure and for certain. so that's the sense in which i think this is something to worry about. we want -- the recovery is faltering right now and we really don't need congress...
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Nov 29, 2012
11/12
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my point is the fiscal cliff will be avoided if both parties realize that america's survival depends on them giving up something important to them. neil: but if only one side gives up, governor, that's what i worry about. >> there won't be a deal. there won't be a deal if only one side gives up. neil: well that is a point. where do we go the end. year and it goes kablooey. is it the end of the year? >> it will be and a recession will ensue. neil: do you think democrat might secretly want that? >> well, if so, i don't want it. neil: no, but my point is, everything is scorched earth. they rebuild to their liking to a tax code to their liking. you could argue -- >> you can do that simply by negotiation. neil: senator patty murray say there is a logic to that. do you think there is a logic? >> no. what is logical is a negotiation in which you can increase revenues by actually decreasing rates. neil: do you agree with that, governor davis? we can avoid this without that? >> i think it is all about the math. i know governor wilson and i will be paying the highest tax rate and i am happy to
my point is the fiscal cliff will be avoided if both parties realize that america's survival depends on them giving up something important to them. neil: but if only one side gives up, governor, that's what i worry about. >> there won't be a deal. there won't be a deal if only one side gives up. neil: well that is a point. where do we go the end. year and it goes kablooey. is it the end of the year? >> it will be and a recession will ensue. neil: do you think democrat might secretly...
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Nov 26, 2012
11/12
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CNBC
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., congress returns from a thanksgiving break he with talks to resolve the fiscal cliff. with no action by lawmakers and president obama, around 600 billion in tax hikes a and spending cuts would take effect in january. republicans and democrats are still in odds over the cause to raise taxes on the wealthiest and cutting on programs like medicare. but both sides saying they're willing to compromise. >> you have to raise additional revenues. there are ways of doing that. >> republicans always put revenue on the table. democrats always promise to cut spending. we never cut spending. what i'm looking for is more revenue for entitlement reform. >> the house speaker has called for a short term fix to overt the fiscal cliff so congress can work on a bigger deal in 2013. they naed to cut out a package that includes revenue hikes and spending cuts by the end of the year. >> americans have been out shopping early and often. almost 140 million kmers hit the stores or shopped online between thursday and sunday. that's up 6% from last year. >> almost a quarter billion shoppers will
., congress returns from a thanksgiving break he with talks to resolve the fiscal cliff. with no action by lawmakers and president obama, around 600 billion in tax hikes a and spending cuts would take effect in january. republicans and democrats are still in odds over the cause to raise taxes on the wealthiest and cutting on programs like medicare. but both sides saying they're willing to compromise. >> you have to raise additional revenues. there are ways of doing that. >>...
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Nov 28, 2012
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, falling off the fiscal cliff is the solution. rod jones writes, we are all in this together, revenue needs to be raised more, not less, and cuts are inevitable because of the lack of legislative action. you can go to facebook page there, like us, and become a fan. warren buffett and carol loomis will join us after this break. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. ♪ [ engine revs ] ♪ [ male announcer ] oh what fun it is to ride. get the mercedes-benz on your wish list at the winter event going on now -- but hurry, the offer ends soon. [ santa ] ho, ho, ho! [ male announcer ] lease a 2013 e350 for $579 a mo
, falling off the fiscal cliff is the solution. rod jones writes, we are all in this together, revenue needs to be raised more, not less, and cuts are inevitable because of the lack of legislative action. you can go to facebook page there, like us, and become a fan. warren buffett and carol loomis will join us after this break. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today,...
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Nov 27, 2012
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same with the fiscal cliff. what are we saying with the fiscal cliff? we're saying the economy might be revealed to be what it's actually doing because we'll take away the artificial supports because we think it's held any enough now to maybe after itself. that might entail a step drop because at the moment we're giving these tax breaks, but we're doing it out of our saving. >> but the point isn't just that we have to restore a higher level perhaps of taxes and lower level of spending than we might like. the problem with the u.s. is it gets into that ideological dispute over whether the way to do that should be by cutting spending and raising taxes. so there is an actual sort of fundamental disagreement that underpins this sense of knee jerk -- >> why have we had to do this? we've had to borrow money and cut people 00 taxes and spend more on social services because the underlying private sector economy completely ran out of steam. it ran out of steam because it needs the banking system to feed off. it needs access to trade credit, to business finance, e
same with the fiscal cliff. what are we saying with the fiscal cliff? we're saying the economy might be revealed to be what it's actually doing because we'll take away the artificial supports because we think it's held any enough now to maybe after itself. that might entail a step drop because at the moment we're giving these tax breaks, but we're doing it out of our saving. >> but the point isn't just that we have to restore a higher level perhaps of taxes and lower level of spending...
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Nov 27, 2012
11/12
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cliff or the fiscal slope. and this is a really interesting thing though, martin, and i think progressives have it right here, which is when we're talking about this grand bargain or we're talking about cuts in tax cuts and revenue, we need to talk about what these things mean. when we're talking about getting more revenue through tax cuts, we're asking the top 2% of people in america who can afford to do so to pay a little more in taxes. but when you start talking about some kind of grand bargain where you're cutting medicare and medicaid, we're talking about people's lives and health care. this is part of the reason why the president doesn't want social security to be part of it. why folk on the left are still angry that something like medicare or medicaid are sort of used as false equivalencies with tax increases. we have to think about people's real lives and health care really addresses those issues versus wealthy folk paying a little more. >> david, if that's the case, if professor peterson is right, why
cliff or the fiscal slope. and this is a really interesting thing though, martin, and i think progressives have it right here, which is when we're talking about this grand bargain or we're talking about cuts in tax cuts and revenue, we need to talk about what these things mean. when we're talking about getting more revenue through tax cuts, we're asking the top 2% of people in america who can afford to do so to pay a little more in taxes. but when you start talking about some kind of grand...
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Nov 23, 2012
11/12
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cliff,, capital gains taxes. there's no compelling reason toe buy here over the next two to three months. let some of this pass, use your assets in other places, raise cash, and then you're in a better position to earn money once 2013 starts. melissa: the thing your ideas have in common is an idea of hunkering down, and sort of of having this investment over a long period of time. why wouldn't you hunker down within the target? give president obama credit thah whether it's because of the fed and easy money or whatever it's been, the stock market has donee well. would you buy some favorite stocks and plan on holding theme through the entire next four years? >> you know, i've always been an advocate of buying stocks that pay high dividends, but taxes going from 15% up to 40%. that takes a huge wind out of te the sails for that argument so, you know, the timing is everything. timing was good to buy stocks at the beginning of obama, and now, not so mh. housing is a great place to be because it's cheap. melissa: i hav
cliff,, capital gains taxes. there's no compelling reason toe buy here over the next two to three months. let some of this pass, use your assets in other places, raise cash, and then you're in a better position to earn money once 2013 starts. melissa: the thing your ideas have in common is an idea of hunkering down, and sort of of having this investment over a long period of time. why wouldn't you hunker down within the target? give president obama credit thah whether it's because of the fed...
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Nov 24, 2012
11/12
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. >> gregg: and we are approaching, like it or not, the fiscal cliff. huge spending cuts and tax hikes, but president obama wants to raise taxes on rich americans. how about sitting with voters? instead of raising tax rates on the american people and accepting the damage it will do to our economy, let's start to actually solve the problem. now let's focus on tax reform that closes special interest loopholes and lowers tax rates. you know what? and it won't kill the country if we raises taxes on millionaires a little bit. it really won't. i don't think. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. ♪ >> welcome back, time for a quick check of the headli
. >> gregg: and we are approaching, like it or not, the fiscal cliff. huge spending cuts and tax hikes, but president obama wants to raise taxes on rich americans. how about sitting with voters? instead of raising tax rates on the american people and accepting the damage it will do to our economy, let's start to actually solve the problem. now let's focus on tax reform that closes special interest loopholes and lowers tax rates. you know what? and it won't kill the country if we raises...
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Nov 26, 2012
11/12
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morning is about the fiscal cliff, it is getting very, very close. no meeting planned for this week between the president and congress, and that may be the negative which pushes the dow down. we're off and running. the opening trend is to the down side and just around 13,000, that's how we came out of the thanksgiving holiday and now it's at 12,990, down 20, 30, nearly 40 points in the the very early going and that's the way we expected it and as you know, it's cyber monday and on-line sales today expect today hit 1 1/2 billion dollars, maybe more. and nicole, let's look at the biggest on-line retailer of them all, amazon, where is it? >> that's right, a pure play on-line retailer and that's amazon, that's the winner today and it has an up arrow and we obviously saw the weekend kicking off with shopping for the thanksgiving holiday sales and 59 billion, black friday, jn line sales over 1 billion and when you talk about on-line retailers and versus brick and mortar stores, on-line retailers have done so much better. up this year, more than double the
morning is about the fiscal cliff, it is getting very, very close. no meeting planned for this week between the president and congress, and that may be the negative which pushes the dow down. we're off and running. the opening trend is to the down side and just around 13,000, that's how we came out of the thanksgiving holiday and now it's at 12,990, down 20, 30, nearly 40 points in the the very early going and that's the way we expected it and as you know, it's cyber monday and on-line sales...
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Nov 28, 2012
11/12
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makes you wonder if they'll be talking about this, the austerity crisis, better known as the fiscal cliff facing washington and the country. this hour president obama will speak live at the white house flanked by middle-class families whose household budgets depend on congress reaching a deal by january 1st. his latest effort to use his bully pulpit. nearby on capitol hill, both parties are meeting behind closed doors at this very minute. each side hashing out where they are willing to compromise and where they are drawing the line in the sand. >>> the other big story we're watching for you, a second round of sitdowns for united nations ambassador susan rice, who's in an all-out campaign of her own to face her critics. after three republicans issued blistering comments yesterday, this morning rice is meeting with republican senator susan collins of maine and in an hour is expected to meet with senator bob corker of tennessee. rice's harshest krit eks are still vowing to block her potential nomination as next secretary of state. >> i think everybody gets to, one, be nominated, and, two, go
makes you wonder if they'll be talking about this, the austerity crisis, better known as the fiscal cliff facing washington and the country. this hour president obama will speak live at the white house flanked by middle-class families whose household budgets depend on congress reaching a deal by january 1st. his latest effort to use his bully pulpit. nearby on capitol hill, both parties are meeting behind closed doors at this very minute. each side hashing out where they are willing to...